Dollar Soars As Euro Snores |
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September 09, 2011 |
September 2011 Bond Updates
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The dollar is challenging its highest level in eight weeks after President Obama delivered a difficult choice for lawmakers: Pass this bill or incur the wrath of an increasingly irritable middle-class America tired of watching the Washington circus put the economy at risk on account of personal self-interest. The bill was full of tax cuts that Republicans typically crave and Obama’s pitch was pretty sweet as he told a packed house that the cost would come from future savings. Passage of the bill is far from assured as lawmakers size-up the risks to their career by taking on the president. Such a battle might result in a Pyrrhic victory given the damage they stand to inflict on the economy and the outrage they stir-up across the electorate.
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View more at: http://www.forbes.com/sites/greatspeculations/2011/09/09/dollar-soars-as-euro-snores/
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